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Technology Stocks : Nokia Corp. (NOK)
NOK 6.855-3.9%2:34 PM EDT

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From: niceguy76712/6/2012 11:16:55 AM
1 Recommendation  Read Replies (1) of 9255
 
Predictable profit taking this AM which might subside as the day progresses. Just not a lot of supply until $5.00.

The China mobile win is huge and the Chinese love their cell phones, especially as many phones are banned. (Apparently, there is a small industry of people selling their phones very profitably in China).

Wonder how long it will take NOK will push through the psychological $4.00 barrier. My guess is not long as, again the potential positive implications of the China Mobile win cannot be overstated.

Once the profit takers are done, it's onwards and upwards rather swiftly to $5.00.

Looks like 100 million plus shares again today at current rate (i.e 40 million at 11:00). Surely some bargain hunters will begin picking off shares before too long in the current $3.70 to $3.80 range and provide (in preparation afternoon price strengthening?)
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